Mathematics

Mathematics, 30.07.2020 21:01, alexiasommers41

Steven has obtained a $105,000 5/1 30-year ARM at 5%. During the first 3 years, he has an option of paying interest only. If he were to accept this offer,
what would his initial payment be?
O A. $437.50
O B. $756.92
O C. $563.66
D. $587.50

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